Which One of the Following Is NOT a Method for Tracking

question 101

Multiple Choice

Which one of the following is NOT a method for tracking inventory and assuring accurate records?

• A) cycle counting
• B) assign responsibility to specific employees for issuing and receiving materials
• C) logic error checks
• D) updating the reorder points to minimize safety stock

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, discounting future amounts to their present values.

Annual Rate

Typically refers to the interest rate for a whole year, often applied in terms of loans, investments, or savings.

Invests

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Present Value

The present value of a sum of money or sequence of cash flows expected in the future, calculated using a certain rate of return.